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Author Topic: Bitcoin Martingale Experiment - 0.5BTC into 1BTC  (Read 6192 times)
coingamblingreviews (OP)
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December 03, 2014, 07:02:30 AM
Last edit: December 21, 2014, 02:44:22 AM by grue
 #1

I will be trying to turn BTC0.5 into 1BTC using my own Bitcoin Martingale Technique at Coin Sweeper. I will continue to play using this technique until my balance is either BTC0 or BTC1.

I have written an article here which outlines what I propose to do: http://www.coingamblingreviews.com/bitcoin-martingale-coin-sweeper/

So the Bitcoin Martingale technique I will use to try and double my 0.5bitcoins into 1 Bitcoin is as follows:
-> I will play Coin Sweeper with 21 Bombs and will try to find 2 coins every time and then claim my winnings. This will make my initial bet go up by approximately 2.188 times if I win.
-> As the Coins are randomly generated I will always click the first two squares in the top right column. Although it doesn't really matter where I click I like to click those squares  Tongue
-> My bet sizes will be like this (assuming I continue to lose):

Bet #    Bet (BTC)    Win (BTC)
1             0.003          0.0066
2             0.003          0.0066
3             0.0055          0.0120
4             0.01          0.0219
5             0.02          0.0438
6             0.035          0.0766
7             0.065          0.1422
8             0.12          0.2626
9             0.2385          0.5219

Everytime I win I will start back at BTC0.003. If I have 9 loses in a row I will lose everything, I calculate this at a chance of 1 in approximately 210 games.

If anyone is interested I will show my Transaction ID here, a summary of my games, and of course will do a follow up blog. I think you can see my games on their game viewer here - https://www.coin-sweeper.com/gameViewer My username is Coin-Gambling-Reviews

Wish me luck and feel free to click my affiliate link for coin Sweeper here Smiley - https://www.coin-sweeper.com/ referral removed

coingamblingreviews (OP)
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December 03, 2014, 07:11:09 AM
 #2

Transaction ID: https://blockchain.info/address/19FtzaEvUaxHmJQ9Lt2XN9ZRXAVSwXJ85A

First Game:


sandykho47
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December 03, 2014, 07:23:32 AM
 #3

That's a great idea
But, looks like that won't work if you do it too much  Sad

I hope you can success  Grin

Kemampuanku Tidak semua orang memiliki dan dapat melakukannya . Tidak memakan kaum sendiri . dan mempunyai kode etik yang tidak masuk akal.
james.lent
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December 03, 2014, 07:24:44 AM
 #4

Best of luck to you ... martingale is a really bad idea.  Grin
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December 03, 2014, 07:26:57 AM
 #5

Ok so I'm up about 10%. You can see my games in this screenshot - always two coins! Feeling nervous!



I have gotten to bet #5 once, so if I get to #9 I lose everything.

coingamblingreviews (OP)
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December 03, 2014, 07:46:06 AM
 #6

Up to BTC0.65320283. Got up to bet number 6  Shocked

Latest screenshot:

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December 03, 2014, 08:16:05 AM
 #7

Over half way there - up to BTC0.77946095! Got to the last bet twice though Shocked


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December 03, 2014, 08:35:45 AM
 #8

Almost there!!


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December 03, 2014, 08:46:06 AM
 #9

Ok up to BTC0.90104119!!!! Last update, before I hit BTC1 or BTC0   Grin


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December 03, 2014, 08:46:57 AM
 #10

You could try this at diggit.io too

sandy47bt
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December 03, 2014, 08:49:55 AM
 #11

This is crazy Shocked
You almost lost many times, and you still keep going.
Just hope you can reach your goal before martingale eat your bitcoin.

But, does this site provide any faucet ?
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December 03, 2014, 08:51:44 AM
 #12

Best of luck to you ... martingale is a really bad idea.  Grin
If you do gambling affiliate biz, it is a very good idea to teach your customers to gamble like idiots actually.
coingamblingreviews (OP)
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December 03, 2014, 08:56:22 AM
 #13

This is crazy Shocked
You almost lost many times, and you still keep going.
Just hope you can reach your goal before martingale eat your bitcoin.

But, does this site provide any faucet ?

It feels crazy!!

There is no faucet, but you can play practice games

coingamblingreviews (OP)
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December 03, 2014, 09:22:54 AM
 #14

Alright and it is done!!! Took ages, and against the odds I have turned BTC0.5 into BTC1 using the Martingale Betting technique I explained above Smiley

Here is the final screenshot - withdrawing now!!



I will write another article about this on www.coingamblingreviews.com!


james.lent
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December 03, 2014, 10:15:26 AM
 #15

Good going there mate :  )
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December 03, 2014, 10:23:57 AM
 #16

Yes, you got luck.

But I guess your odds of winning are not greater than by betting at 2x payout on any dice site
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December 03, 2014, 10:27:34 AM
Last edit: December 03, 2014, 10:45:47 AM by BGkockata
 #17

IS this site like satoshimines and can i make .1 from my 0.05?Can u make me a strategy for my banrkoll?
james.lent
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December 03, 2014, 11:23:53 AM
 #18

There isn't any . It's all luck
coingamblingreviews (OP)
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December 03, 2014, 11:31:57 AM
 #19

Everyone is right I did get lucky  Cool I did not expect it to turn out like that - But I'm not complaining  Cheesy

IS this site like satoshimines and can i make .1 from my 0.05?Can u make me a strategy for my banrkoll?

If you want to use the strategy I made above for trying to turn 0.05 into 0.1btc you would need to divide all of the bets I made by 10...

Just remember I wrote the article and did this experiment just to show people how you can use a martingale technique to double your money. I'm sure someone can do the maths but statistically I should not have been able to double my money. As is the case with all gambling sites, in the short term people can win but in the long run the house always wins!

However, I did have a lot of fun doing this Tongue

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December 03, 2014, 01:26:13 PM
 #20

nice buddy very good you got lucky with martingale its very hard to win some time you win some times you lose its a good thing you got luck by your side this time
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